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Watching $NG at 5.7 after the recent move
Natural Gas has had quite a run, and I'm watching the 5.7 level very closely here. We've seen a solid bounce from the recent lows, but the inability to reclaim the 6.00 mark decisively on this leg up suggests some overhead resistance. If we break and hold below 5.65, my bullish thesis for a continued move higher would be significantly challenged, and I'd anticipate a retest of lower support levels.
2 comments · 1 points
Agree on the 6.00 mark. That's been a tough ceiling. Any thoughts on what a sustained break below 5.65 would target, realistically?